The retail industry has seen a dramatic change in the last few years. We’ve seen news about how many big retailers have had to shut down their physical stores to go online.
If you mainly operate in a physical location and want to get out of a slump, here’s not only one but 5 retail marketing strategy ideas that experts commonly use to turn things around.
Motivate your customers to go visit your store
What’s in it for your customers? Why should they go visit you?
If a simple sale sign doesn’t work, it’s recommended that you take it a step further and send them a text blast. It could be your biggest sale day of the month where discounts on all items are available for a limited time only when they show
the mobile text coupon they received from the cashier.
Pay attention to competition and inventory research
From researching your customers, employees, competitors to inventories, the things you will discover will help you figure out the steps you can take to improve your overall retail marketing strategy.
Always be relevant in your local area
Help your target customers become familiar with your business by joining or sponsoring community events. This will improve your local relevance, and the more outreach activities you do, the more it will make sense for people to do business with you.
Create an integrated marketing plan
Do not just focus on your traditional marketing tools and strategies, but also give time and attention to building your online presence.
There will always be people from all over the country who might be interested in your products. Imagine the vast business opportunities that you can take if you open up your business to online shoppers.
You can start by creating a shopping cart site and local SEO plan.
Make your store windows look visually compelling
Nobody likes boring stuff. If you want to increase your foot traffic, let your windows tell a visual story that will capture a passersby’s attention. A good visual story should trigger an impulse in a customer to come in and buy from your store.
Hopefully, this retail marketing strategy will not only help you recover from a slump but also grow your business.